Musk’s Surprise Visit to China, Paramount Deal Talks, Busiest Week of Earnings 4/29/24
Squawk on the Street
CNBC
4.1 • 567 Ratings
🗓️ 29 April 2024
⏱️ 43 minutes
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| 0:00.0 | It's Jim Kramer here. You're listening to the opening bell of CBC Squawk on the Street. |
| 0:04.7 | Don't miss a minute of the action. Good Monday morning. Welcome to Squawk in the Street. I'm Carl Kintania with Jim Kramer, David Faber, Post 9 to the New York Stock Exchange. Coming off the best week for the S&P in about six months and futures are solid ahead of a very busy few days. Apple and Amazon earnings, a Fed decision, a jobs number, |
| 0:22.1 | 10-year 463. Our roadmap begins with Musk's surprise visit to China. Tesla passing some key |
| 0:28.3 | hurdles in that country, giving that stock a big surge in the pre-market. |
| 0:31.9 | Plus, we will have the latest on those deal talks around Paramount as well, the potential departure |
| 0:37.4 | of the company's CEO, |
| 0:38.7 | as it also gets ready to report after the bell. |
| 0:42.2 | Speaking of earnings, it is the busiest week of quarterly results. |
| 0:44.9 | Nearly one-third of the S&P 500 and 20% of the Dow are reporting. |
| 0:49.7 | Apple and Amazon, of course, lead the way this week. |
| 0:53.7 | Let's begin with Tesla rallying in the pre-market today following Musk's visit to China. |
| 0:58.8 | The company winning approval to roll out its full self-driving technology in that country, Jim, |
| 1:04.2 | this is a partnership with Baidu being called a watershed moment for FSD. |
| 1:08.1 | Yeah, I mean, you need to have something. |
| 1:10.6 | I remember when I wrote on a way |
| 1:11.8 | way mo which is obviously google's product uh you had to have the google map you just need this |
| 1:17.8 | infrastructure in order to be able to make it was obviously being withheld uh is it worth 20 22 points |
| 1:23.2 | well and i think the people who are short tesla betting that there had to be more, let's say, more earnings problems. |
| 1:30.5 | I mean, there's an Evercourt piece out of your saying lowering price target to 145 from 155. |
| 1:34.5 | That probably was pre-China. |
| 1:36.0 | But, David, there is a sense among the companies that make self-driving that there's this this holy grail robotaxie plan out there. |
| 1:47.3 | Forgetting the fact, I think, in this case, that Tesla's are expensive. |
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